Sprott Focus Trust (NASDAQ:FUND) Stock Price Breaks Below 200-Day Moving Average – Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $9.94 and traded as low as $9.75. Sprott Focus Trust shares last traded at $9.92, with a volume of 36,792 shares changing hands.

Sprott Focus Trust Price Performance

The business has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $9.94.

Sprott Focus Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.1503 per share. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.1424. This represents a $0.60 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Tuesday, September 15th.

Insider Buying and Selling at Sprott Focus Trust

In other news, Portfolio Manager Whitney George acquired 122,111 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average cost of $10.05 per share, with a total value of $1,227,215.55. Following the completion of the purchase, the portfolio manager owned 3,375,936 shares of the company’s stock, valued at $33,928,156.80. This represents a 3.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 54.83% of the company’s stock.

Hedge Funds Weigh In On Sprott Focus Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hara Capital LLC acquired a new position in Sprott Focus Trust in the 2nd quarter valued at about $80,000. Uhlmann Price Securities LLC acquired a new stake in shares of Sprott Focus Trust during the third quarter worth about $108,000. Readystate Asset Management LP acquired a new stake in shares of Sprott Focus Trust during the second quarter worth about $134,000. Bank of America Corp DE acquired a new stake in shares of Sprott Focus Trust during the second quarter worth about $170,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sprott Focus Trust during the second quarter worth about $191,000. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc. is a diversified, closed-end management investment company listed on Nasdaq under the symbol FUND. Its investment objective is long-term capital appreciation. Rather than operating as a conventional business, the trust pools investor capital and invests it in a portfolio of publicly traded securities. The trust generally follows a focused, value-oriented investment approach and may invest across industries and geographic regions. Its portfolio can include common stocks and other equity-related securities of companies in the United States, Canada and other international markets.